Economics Quote by Ilana Mercer

We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than…

— Sheldon Richman

People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored…

— William Eckhardt

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions,…

— Michael Polanyi

Prices have stayed up because people in control of supply decided they could keep them up.

— John Wilson

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

— William Vickrey

We must keep prices under control to ensure that price increases do not exert a major negative impact on people's lives.

— Li Keqiang

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an…

— David Ricardo

The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.

— Thomas Sowell

People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to…

— Eugene Fama

The question is really how do we think seriously about this mechanism called a market. It ought to be determining not values but prices.

— Cornel West

Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.

— Rudolf Hiferding

Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.

— Thomas Sowell